France launches probe into EU carbon market reform plan

The European Commission’s proposed carbon price stabilisation mechanism is a “masterpiece of Brussels technocracy” that could fuel greater market volatility, says a group of academics charged with defining France’s position on the proposed package of 2030 climate legislation.
Jean-Michel Charpin, the inspector general of the French government’s finances, who will lead the mission, was critical of the European Commission’s proposed reform. The stability of the carbon market is “essential”, Charpin said, stressing that the current CO2 prices of around €5 a tonne “are not satisfactory”………………………………………..Full Article: Source